EUROPE - Actuarial firm Morgan Consulting has signed an agreement to become a Milliman Global member.

The terms of the agreement, which takes Milliman Global’s European membership to 15 firms, were not disclosed.

Morgan, which advises insurers and financial services groups in Europe, has consultancy teams in London, Madrid, Milan and Paris and also serves clients in Italy, Spain, Germany, Luxembourg, Ireland and Poland. It will continue to trade under its own name

“The relationship with Milliman will enable us to accelerate our development plans as well as strengthen our local teams in Italy and Spain,” said the firm’s founder and managing director Edward Morgan.

He said the firm plans to develop a stronger presence in other European markets, including Germany, and Central and Eastern Europe, in cooperation with other Milliman Global member firms.

Milliman Global is not a trading entity – the member firms are separate and are primarily owned by their partners.

“We believe that the strength of the Milliman brand and access to other Milliman Global member firms will lead to a broader range of assignments,” Morgan said.

“Joining forces with Morgan Consulting greatly strengthens Milliman’s consulting presence in Europe,” said Bruce Winterhof, chairman of the Milliman Global insurance steering group.

“These growing markets are tremendously important to our clients and us and Morgan Consulting has substantial knowledge and experience of both markets.”